Wells FARGO announces leadership transition in CIB

The latest message is from Wells Fargo ((WFC)).

On January 30, 2025, Wells Fargo announced the retirement of Jon Weiss, Co-Ceo for Corporate & Investment Banking, with effect from June 1, 2025. This leadership transition highlights Weiss’s significant contribution, including a 40% increase in net income and a 35% increase in revenue since he began leading CIB in 2020, placing the company for future growth. The change is ready to further strengthen Wells Fargo’s position in the financial service sector.

More about Wells Fargo

Wells Fargo & Company is a leading company for financial services with approx. $ 1.9 trillion in assets. The company offers a wide range of bank, investment and mortgage products and services through its four main segments: Consumer Bank and Lending, Commercial Banking, Business and Investment Bank and Wealth and Investment Management. Wells Fargo, known for his focus on social influence, emphasizes the affordable prices of the home, growth in small businesses, financial health and sustainability.

YTD -APPROOK: 11.65%

Average trade volume: 16.555.822

Technical mood Consensus evaluation: Sell

Current Market Capital: $ 256.1B

Learn more about WFC shares at TiPranks’ warehouse analysis page.